The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company.

Company's Name

Registered Office address

COA No. & Date

Payment system authorised

Date of cancellation

Tech Mahindra Limited, Noida

A-20, Sector 60, Noida 201 301.

59/2013 19.09.2013

Pre-paid card Issuance

28.08.2018

Following the cancellation of the COA, the above company cannot transact the business of pre-paid card issuance. However, customers or merchants having a valid claim, if any, on M/s Tech Mahindra Limited, Noida as a PSO, can approach the company for settlement of their respective claims within two years from the date of this cancellation i.e. upto 27.08.2020.